Entered into sham transactions with friendly counterparties
that had little or no economic substance.

Fabricated and backdated contracts and other documents to
facilitate the fraudulent accounting.

Barnett misled TheStreet’s auditor to believe that the
subsidiary had performed services to earn revenue on a specific
transaction when in fact it did not perform the
services.

Ashman, TheStreet's former CEO, caused the company to report
revenue before it had been earned.

Barnett and Alwine agreed to pay penalties of $130,000 and
$120,000 respectively, and to be barred from serving as officers
or directors of a public company for 10 years.

Ashman agreed to pay a $125,000 penalty and reimburse
TheStreet $34,240.40 under the clawback provision (Section 304)
of the Sarbanes-Oxley Act, and will be barred from acting as a
director or officer of a public company for three years.